Bulk chemicals are also known as commodity chemicals, and are manufactured on a large scale to serve as intermediates or feedstock for a host of downstream and specialty chemicals. They are primarily price driven and are charact ....see more
The dimethyl carbonate market is projected to reach USD 1,078 million by 2025, at a CAGR of 6.2% during the forecasting period. Ube Industries Ltd. (Japan), Merck KGaA (Germany), Kowa Company Ltd. (Japan), Kishida Chemical Co. Ltd. (Japan), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Guangzhou Tinci Materials Technology Co., Ltd. (China), Haike Chemical Group (China), Arrow Chemical Group Corp. (China), and Panax Etec (Korea) are some of the leading players operating in the dimethyl carbonate market.
The oxygen-free copper market is expected to grow from USD 19.9 billion in 2020 to USD 25.9 billion by 2025, at a compound annual growth rate (CAGR) of 5.3% during the forecast period. KGHM Polska Miedz SA (Poland), Hitachi Metals Neomaterials Ltd. (Japan), Zhejiang Libo Holding Group (China), Mitsubishi Materials Corporation (Japan), Metrod Holdings Berhad (Malaysia), Aviva Metals (US), KME Germany GmbH (Germany), and Sam Dong (South Korea).
The Industrial wax market is projected to reach USD 8.9 billion by 2025, at a CAGR of 4.0% during the forecasting period. Key players such as ExxonMobil (U.S.), Royal Dutch Shell PLC (Netherlands), Sinopec (China), Sasol Ltd (South Africa), CEPSA (Spain), Hollyfrontier Corporation (U.S.),Calumet Specialty Products Partners (US),Gandhar Oil refinery (India), Numaligarh Refinery Limited (India), Petróleo Brasileiro (Brazil), The PJSC Lukoil Oil Company (Russia). are the top 10 manufacturers are covered in the industrial wax market. They have adopted various strategies to expand their market presence and enhance their growth prospects for the industrial wax market.
The Lubricant Anti-wear Agents Market is expected to grow from USD 698 million in 2020 to USD 784 million by 2025, at a CAGR of 2.4% during the forecast period. Afton Chemical (US), BASF SE (Germany), Chevron Oronite (US), Solvay (Belgium), LANXESS (Germny) are some of the leading players operating in the lubricant anti-wear agents market. These players have adopted the strategies of agreements, expansions, new product launches, acquisitions, collaborations, contracts, investments, and divestments to enhance their position in the market.
The Methanol market size is projected to reach USD 26.6 billion by 20254, at a CAGR of 5.5%, by value, during the forecast period. Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) are the leading methanol manufacturers, globally.
The 1-decanol market size is projected to reach USD 264 million by 2025, at a CAGR of 5.9% during the forecasting period. Major players profiled in the report include Kao Corporation (Japan), Wilmar International Ltd. (Singapore), Kuala Lumpur Kepong Berhad (Malaysia), Sasol (South Africa), Musim Mas Holdings (Singapore), Emery Oleochemicals (Malaysia), Royal Dutch Shell (Netherlands), ExxonMobil Corporation (US), and BASF SE (Germany).
The refrigerants market size is projected to reach USD 30.8 billion by 2025, at a CAGR of 7.7% during the forecasting period. The key market players profiled in the report include Arkema S.A. (France), Dongyue Group Co. Ltd. (China), Honeywell International Inc. (US), The Chemours Company (US), The Linde Group (Ireland), Air Liquide (France) (US), Sinochem Lantian Co. Ltd. (China), Daikin Industries (Japan), Mexichem (Mexico), and Asahi Glass Corporation (Japan).
The Aliphatic Hydrocarbon Solvents & Thinners Market is expected to grow from USD 3.4 billion in 2020 to USD 4.3 billion by 2025, at a CAGR of 4.5% during the forecast period. ExxonMobil Chemical, Inc. (US), SK Global Chemical Co., Ltd. (South Korea), Royal Dutch Shell Plc (Netherlands), Calumet Specialty Products Partners, L.P. (US), Gotham Industries (Canada), Gulf Chemicals and Industrial Oils Co. (Saudi Arabia), Recochem Inc. (Canada), HCS Group (Germany), W.M. Barr (US), Ganga Rasayanie (P) Ltd (India), NOCO Energy Corporation (US), Gadiv Petrochemical Industries Ltd. (Israel), Hunt Refining Company (US), Honeywell International Inc. (US), BASF SE (Germany), and LyondellBasell Industries Holdings B.V. (Netherlands) are some of the leading players operating in the aliphatic hydrocarbon solvents & thinners market.
The global base oil market is expected to be reach USD 36.7 billion by 2025, at a CAGR of 5.0% during the forecasting period. Chevron Corporation (US), Exxon Mobil Corporation (US), S-OIL CORPORATION (South Korea), Motiva Enterprises LLC (US), SK Innovation Co., Ltd. (South Korea), Royal Dutch Shell Plc (Netherlands), Neste Oyj (Finland), AVISTA OIL AG (Germany), Nynas AB (Sweden), Repsol S.A. (Spain), Ergon, Inc. (US), Calumet Specialty Products Partners, L.P. (US), H&R Group (Germany), Sinopec Corp. (China), PetroChina Company Limited (China), Saudi Aramco (Saudi Arabia), Abu Dhabi National Oil Company (ADNOC) (UAE), PT Pertamina (Persero) (Indonesia), Phillips 66 (US), Petroliam Nasional Berhad (PETRONAS) (Malaysia), GRUPA LOTOS S.A. (Poland), Sepahan Oil (Iran), GS Caltex Corporation (South Korea), and Hindustan Petroleum Corporation Limited or HPCL (India) are some of the leading players operating in the base oil market. These players have adopted the strategies of agreements, expansions, new product launches, acquisitions, collaborations, contracts, investments, and divestments to enhance their position in the market.
The Solvents Market is expected to grow from USD 21.8 billion in 2020 to USD 30.0 billion by 2025, at a CAGR of 6.6% during the forecast period. Key players in the solvents market include Royal Dutch Shell Plc. (Netherlands), Eastman Chemical Company (US), BASF SE (Germany), ExxonMobil Corporation (US), LyondellBasell Industries Holdings B.V. (The Netherlands), Ashland Global Holdings Inc. (US), Celanese Corporation (US), Huntsman Corporation (US), Solvay SA (Belgium), Honeywell International Inc. (US), and INEOS Group AG (UK).
The Metal Cleaning Chemicals Market is expected to grow from USD 12.9 billion in 2020 to USD 16.5 billion by 2025, at a CAGR of 5.0% during the forecast period. The key players profiled in the report include as BASF SE (Germany), Evonik Industries AG (Germany), Stepan Company (US), Eastman Chemical Company (US), The Chemours Company (US), The Dow Chemical Company (US), Quaker Houghton (US), Nouryon (Netherland), 3M Company (US), Element Solutions (US), among others.
The Grease Market is expected to grow from USD 5.3 billion in 2020 to USD 6.1 billion by 2025, at a CAGR of 2.9% during the forecast period. The key market players profiled in the report include as Royal Dutch Shell PLC. (Netherlands), The Chevron Corporation (US), Idemitsu Kosan Co., Ltd. (Japan), Sinopec Corporation (China), BP p.l.c. (UK), Total SA (France), and ExxonMobil Corporation (US), among others.
The global fatty alcohols market size is expected to grow USD 7.0 billion by 2025, at a CAGR of 5.2%, by value, during the forecast period. The Wilmar International Ltd. (Singapore), Kuala Lumpur Kepong Berhad (Malaysia), Musim Mas Holdings (Singapore), Godrej Industries Limited (India), Procter & Gamble (US), VVF L.L.C. (India), Sasol (South Africa), Kao Corporation (Japan), Emery Oleo Chemicals (Malaysia), and Royal Dutch Shell Plc. (Netherlands) among others are the key players operating in the fatty alcohols market.
The global bromine market size is expected to grow USD 4.1 billion by 2025, at a CAGR of 5.0% during the forecasting period. Israel Chemicals Limited (Israel), Albemarle Corporation (US), LANXESS Corporation (Germany), Tosoh Corporation (Japan), Tata Chemicals Limited (India), Gulf Resources Inc. (China), TETRA Technologies, Inc. (US), Hindustan Salts Limited (India), Honeywell International Inc. (US), and Perekop Bromine (Republic of Crimea) are some of the leading players operating in the bromine market.
In 2020, the syngas & derivaties market is expected to grow 4,06,860 MWth by 2025, at a CAGR of 10.6% during the forecasting period. Key market players covered in this report includes Sasol Limited (South Africa), Haldor Topsoe A/S (Denmark), Air Liquide S.A.(France), Siemens AG (Germany), Air Products and Chemicals Inc. (US), KBR Inc. (US), Linde plc (UK), BASF SE (Germany), TechnipFMC PLC (UK), McDermott International, Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan), Chiyoda Corporation (Japan), Synthesis Energy Systems, Inc. (US), Yara International ASA (Norway), Methanex Corporation (Canada), CF Industries Holdings, Inc. (US), Dow Inc. (US), and John Wood Group PLC (UK), among others.
The global lubricants market size is expected to grow USD 182.6 billion by 2025, at a CAGR of 3.0% during the forecasting period. The key market players profiled in the report include Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (U.S.), Chevron Corporation (U.S.), BP p.l.c. (U.K.), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), and Idemitsu Kosan Co. Ltd (Japan), among others.
The Surfactants Market is expected to grow from USD 42.1 billion in 2020 to USD 52.4 billion by 2025, at a CAGR of 4.5% during the forecast period. The key market players profiled in the report include as Nouryon (North Holland), Evonik Industries AG (Germany), BASF SE (Germany), Stepan Company (US), Clariant (Switzerland), Ashland Global Holdings Inc. (US), Kao Corporation (Japan), Lonza (Switzerland), Solvay (Belgium), The Dow Chemical Company (US), Indorama Ventures Public Company Limited (Thailand), and Croda International Plc (UK).
The global antifreeze/coolant market size is expected to grow USD 5.9 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 1.8% during the forecasting period. The global Antifreeze/coolants market comprises major manufacturers, such as ExxonMobil Corporation (US), Royal Dutch Shell Plc (Netherland), Chevron Corporation (US), BP Plc (UK), Total S.A. (France), BASF SE (Germany), and LUKOIL (Russia). Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the antifreeze/coolant market.
The Small-Scale LNG Market is expected to grow from USD 2.3 billion in 2020 to USD 2.6 billion by 2025, at a CAGR of 2.6% during the forecast period. The Linde Group (Germany), Wartsila Corporation (Finland), Honeywell International Inc. (US), General Electric (US), Engie (France), and Gazprom (Russia) among others are the key players operating in the small-scale LNG market.
The hydraulic fluid market size is expected to grow USD 9.0 billion by 2025, at a CAGR of 3.1% during the forecasting period. The key market players profiled in the report include Royal Dutch Shell PLC (Netherlands), ExxonMobil Corporation (US), Chevron Corporation (US), BP p.l.c. (UK), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), Idemitsu Kosan Co. Ltd. (Japan), and others.
The solid sulphur market is expected to grow from USD 3.2 billion in 2020 to USD 23.7 billion by 2025 at a compound annual growth rate (CAGR) of 3.0 %. during the forecast period.Abu Dhabi National Oil Company (UAE), Marathon Petroleum Corporation (US), Qatar Petroleum (Qatar), Gazprom (Russia), Saudi Aramco (Saudi Arabia), and Chemtrade Logistics (Canada) are the key players operating in the solid sulphur market.
The lubricants market is expected to grow from USD 164.3 billion in 2019 to USD 165.5 billion in 2021 at a compound annual growth rate (CAGR) of 0.36% during the forecast period.The key lubricants market players profiled in the report include Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (US), Chevron Corporation (US), BP p.l.c. (UK), Total S.A. (France), PetroChina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), and Idemitsu Kosan Co. Ltd (Japan).
The persulfate market is expected to grow from USD 730 million in 2020 to USD 861 million by 2025 at a compound annual growth rate (CAGR) of 3.4% during the forecast period.The key companies profiled in the global persulfates market research report are PeroxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim Kimya (Turkey), Adeka Corporation (Japan), and Fujian Zhanhua Chemical Company (China).
The lithium compounds market is expected to grow from USD 5.3 billion in 2020 to USD 13.5 billion by 2025, at a compound annual growth rate (CAGR) of 20.6% during the forecast period.Key players in this market are Sociedad Quimica y Minera de Chile S.A. (SQM) (Chile), Livent Corporation (US), Albemarle Corporation (US), Tianqi Lithium Industries Inc. (China), Ganfeng Lithium Company Limited (China). Other noteworthy public and private players are China Lithium Products Technology Company Limited (China), Sichuan Ni&Co Guorun New Materials Company Limited (China), Shanghai China Lithium Industrial Company Limited (China), Nemaska Lithium Inc. (Canada), Bacanora Lithium (United Kingdom), Lithium Americas (Canada), Galaxy Resources Limited (Australia), Orocobre Limited (Australia), Shandong Ruifu Lithium Industry Company Limited (China), Neo Lithium Corporation (Canada), and Millennial Lithium Corporation (Canada).
The Maleic Anhydride Market is expected to grow from USD 2.8 billion in 2019 to USD 3.5 billion by 2024, at a CAGR of 4.5% during the forecast period. The key market players profiled in the report include Huntsman International LLC (US), Changzhou Yabang Chemical Co., Ltd. (China), Shanxi Qiaoyou Chemical Co., Ltd. (China), Polynt-Reichhold Group (Italy), Zibo Qixiang Tengda Chemical Co., Ltd. (China), LANXESS (Germany), Nippon Shokubai Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Ningbo Jiangning Chemical Co., Ltd. (China), and Gulf Advanced Chemical Industries Co., Ltd. (GACIC) (Saudi Arabia) among others.
The textile finishing chemicals market is expected to grow from USD 6.2 billion in 2019 to USD 8.2 billion by 2024, at a compound annual growth rate (CAGR) of 5.5% during the forecast period.Huntsman Corporation (US), Wacker Chemie AG (Germany), The Dow Chemical Company (US), BASF (Germany), Archroma (Switzerland), Evonik Industries (Germany), Dupont (US), Solvay SA (Belgium), Tanatex Chemicals B.V (Netherlands), and Dystar Singapore PTE Ltd. (Singapore) are the leading textile finishing chemicals manufacturers.
The Electronic Grade Sulfuric Acid Market is expected to grow from USD 300 million in 2019 to USD 415 million by 2024, at a CAGR of 6.7% during the forecast period. BASF SE (Germany), INEOS Group Holdings S.A. (UK), Chemtrade Logistics (Canada), KMG Chemicals (US), Kanto Chemical Co., Inc. (Japan), Trident Group (India), The Linde Group (Ireland), PVS Chemicals (US), Reagent Chemicals (UK), and Moses Lake Industries (US) are the major players in the electronic grade sulfuric acid market.
The calcite market is expected to grow from USD 10.1 billion in 2019 to USD 13.0 billion by 2024, at a compound annual growth rate (CAGR) of 5.2% during the forecast period.Companies such as Imerys S.A. (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), Gulshan Polyols Ltd. (India), Nordkalk Corporation (Finland), Wolkem India Ltd. (India), and Sibelco (Belgium) are the major players in the calcite market.
The microcrystalline cellulose (MCC) market is expected to grow from USD 938 million in 2019 to USD 1,315 million by 2024, at a compound annual growth rate (CAGR) of 7.0%, during the forecast period.Key players operating in the MCC market are DuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (US), Roquette (France), and DFE Pharma GmbH & Co.KG (Germany), among others.
The Zinc Oxide Market is expected to grow from USD 4.4 billion in 2019 to USD 5.7 billion by 2024, at a CAGR of 5.4% during the forecast period. The key players in the zinc oxide market are US Zinc (US), Zochem (US), EverZinc (Belgium), ZM Silesia (Poland), Akrochem (South Africa), Rubamin (India), Pan-Continental Chemical (Taiwan), J.G. Chemicals (India), Upper India (India), and Suraj Udyog (India)
The polyglycolic acid market is expected to grow from USD 4.1 billion in 2019 to USD 6.5 billion by 2024, at a compound annual growth rate (CAGR) of 9.5% during the forecast period.Kureha Corporation (Japan), Corbion (Netherlands), Shenzhen Polymtek Biomaterial Co, .Ltd. (China), BMG Incorporated (JAPAN), Huizhou Foryou Medical Devices Co., Ltd. (China), Teleflex Incorporated (US) are the key players operating in the polyglycolic acid market.
The industrial lubricants market is expected to grow from USD 62.8 billion in 2019 to USD 73.3 billion by 2024, at a compound annual growth rate (CAGR) of 3.1%. during the forecast period.The key market players profiled in the report include Royal Dutch Shell (the Netherlands), ExxonMobil Corporation (US), Chevron Corporation (US), BP p.l.c. (UK), Total S.A. (France), PetroChina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), Idemitsu Kosan Co., Ltd. (Japan), and others.
The Glyoxal Market is expected to grow from USD 265 million in 2019 to USD 326 million by 2024, at a CAGR of 4.3% during the forecast period. BASF SE (Germany), Merck KGaA (Germany), Thermo Fisher Scientific Inc. (US), WeylChem International GmbH (Germany) and Haihang Group (China) are some of the leading players with a substantial glyoxal market share in 2018. Investment & expansion and merger & acquisition were the major growth strategies adopted by the market players between 2014 and 2018 to enhance their regional footprint and meet the growing demand for Glyoxal in the emerging economies.
The refrigeration oil market size is expected to grow USD 1.4 billion by 2024, at a CAGR of 4.7% during the forecasting period. The key market players profiled in the report include JXTG Group (Japan), BASF (Germany), Idemitsu Kosan Co. (Japan), Royal Dutch Shell (Netherlands), ExxonMobil (US), BP (UK), PETRONAS (Malaysia), Chevron (US), Total (France), Sinopec Group (China), FUCHS (Germany), and Johnson Controls (Ireland).
The calcium carbonate market size is projected to grow from USD 21.2 billion in 2019 to USD 28.3 billion by 2024, at a CAGR of 6.0%. The growth of the calcium carbonate market can be attributed to the increased usage as a filler in the paper industry as a replacement for fibers, talc, and kaolin because of its lower price.calcium carbonate market are Imerys (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), Mississippi Lime Company (US), Carmeuse (Belgium), Sibelco (Belgium), Midwest Calcium Carbonate (US), Calcinor SA (Spain),
The propanol market size is estimated at USD 3.5 billion in 2018 and is projected to reach USD 4.2 billion by 2023, at a CAGR of 4.0%. The propanol market is majorly driven by the household & personal care and pharmaceutical applications in APAC, mainly from India, China, Japan, South Korea, and Southeast Asian countries. Royal Dutch Shell Plc (Netherlands), Exxon Mobil Corporation (US), BASF SE (Germany), The Dow Chemical Company (US), LG Chem Ltd. (South Korea), Sasol Limited (South Africa), Eastman Chemical Company (US), Tokuyama Corporation (Japan), LCY Chemical Corp. (Taiwan), JXTG Holdings, Inc. (Japan), Deepak Fertilisers and Petrochemicals Corporation Ltd. (India), and OXEA GmbH (Germany)
The process oil market is projected to grow from USD 4.7 billion in 2018 to USD 5.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period. The growth of the process oil market can be attributed to the increased demand for process oil in the tire & rubber application. Some of the leading players in this market are Royal Dutch Shell PLC, Chevron Corporation, Petronas Lubricants Belgium NV, Nynas AB, Lukoil Oil Company, Repsol, and Avista Oil AG, among others.
The synthetic lubricants market size is estimated to be USD 32.2 billion in 2018 and is projected reach USD 37.3 billion by 2023, at a CAGR of 3.0%, between 2018 and 2023. The growing automotive industry and industrialization across the globe are driving the global synthetic lubricants market. Enforcement of environmental regulations on the automotive sector to reduce carbon emission is expected to boost the sale of synthetic lubricants and create various opportunities for synthetic lubricant manufacturers. The consumption of synthetic lubricants is increasing due to their properties, such as water solubility, high viscosity indexes, and bio-degradability. High cost is a major restraint observed in the synthetic lubricants market.Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (US), British Petroleum PLC ((UK), Chevron Corporation (US), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany), and Idemitsu Kosan Co. Ltd. (Japan).
The phase transfer catalyst market is projected to grow from USD 960 million in 2018 to USD 1,232 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2018 to 2023. Rising demand and adoption of green chemistry in organic synthesis is the major factor driving the growth of the phase transfer catalyst market across the globe.SACHEM Inc. (US), Tokyo Chemical Industry Co., Ltd. (Japan), Nippon Chemical Industrial Co., Ltd. (Japan), Dishman Group (India), PAT IMPEX (India), Tatva Chintan Pharma Chem Pvt. Ltd. (India), Central Drug House (P) Ltd. (India), Pacific Organics Private Limited (India), Otto Chemie Pvt. Ltd. (India), and Volant-Chem Corp. (China) are the key players operating in the phase transfer catalyst market
The compressor oil market size is estimated to be USD 10.1 billion in 2018 and is projected reach USD 13.2 billion by 2023, at a CAGR of 5.6% between 2018 and 2023. Compressor oils are mixtures of base oils and additives. The additives help enhance, add, or suppress unwanted properties of the base oil. They are usually produced in a liquid or semi-solid state. Compressor oils are utilized to reduce friction between moving surfaces of the compressor. In addition, compressor oils help reduce wear and tear of machinery and prevent overheating and corrosion, which increases the efficiency of the machine. The growing end-use industries such as oil & gas, general manufacturing, and chemical & petrochemical drive the demand for compressor oil. On the other hand, technological advancement and oil rejuvenation are restraining the market growth.Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (US), British Petroleum Plc ((UK), Chevron Corporation (US), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany), and Idemitsu Kosan Co. Ltd. (Japan).
The global succinic acid market is estimated to be USD 132 million in 2018 and is projected to reach USD 183 million by 2023, at a CAGR of 6.8%. The growth in the food & beverage, industrial, and pharmaceutical industries is expected to drive the market.
The fly ash market is estimated to grow from USD 3.4 billion in 2018 to USD 4.5 billion by 2023, at a CAGR of 6.0%. The fly ash market has been growing owing to the growth in the construction industry, increasing focus on infrastructure and road paving, problems related to dumping fly ash, promotion of fly ash by governments of various countries, and increasing focus on the use of environment-friendly products.Key players in the market include Boral Limited (Australia), CEMEX S.A.B. de C.V. (Mexico), Lafarge North America Inc. (US), Charah Inc. (US), Separation Technologies LLC (US), Aggregate Industries (UK), FlyAshDirect (US), Salt River Materials Group (US), and Ashtech (India) Pvt. Ltd. (India).
The carbon nanotubes market is estimated to grow from USD 4.55 billion in 2018 to USD 9.84 billion by 2023, at a CAGR 16.70%. The demand for carbon nanotubes has been increasing rapidly in applications such as field emission displays, integrated circuits, hydrogen storage, lithium batteries, solar PV cells, fuel cells, and drug delivery. Increasing commercialization; ramping up of installed capacities; and technological advancements to bring down prices, improve quality, and develop more advanced products are the trends in the carbon nanotubes market. Currently, R&D is being undertaken for capturing new applications, including food materials, glass ceramic, structural steel, agriculture, and hair color. The constant increase in the feasibility of potential applications for carbon nanotubes will keep the demand ticking upward during the forecast period.Key players operating in the carbon nanotubes market include Arkema S.A. (France), Arry International Group LTD. (China), Carbon Solutions Inc. (US), Cheap Tubes Inc. (US), CNT Co., Ltd. (Korea), Ocsial Llc (US), Hanwha Chemical Corp. (South Korea), Nano-C Inc. (US), Cnano Technology Ltd (US), Toray International Group Limited (Japan), Showa Denko K.K. (Japan), and Continental Carbon Company (US).
The market size of cyclopentane is estimated at USD 242.4 million in 2018 and is projected to reach USD 335.7 million by 2023, at a CAGR of 6.7%. The major driver for the market includes the increasing use of environmentally friendly blowing agents after the phase-out of HCFCs by late 2040s. HCS Group (Germany), Jilin Beihua Fine Chemical Co., Ltd. (China), DYMATIC Chemicals Inc. (UK), INEOS (UK), and Liaoning Yufeng Chemical Co., Ltd. (China) are the key players operating in the cyclopentane market.
The paper pigments market is estimated to be USD 13.52 billion in 2018 and is projected to reach USD 17.72 billion by 2023, at a CAGR of 5.6% from 2018 to 2023. The high demand for paper in emerging countries is leading to the increasing consumption of paper. Despite the increasing use of electronic devices and e-publishing, both, the demand for coated as well as uncoated paper is projected to drive the paper pigments market.Companies such as Omya (Switzerland), Imerys (France), Minerals Technologies (US), BASF (Germany), Ashapura Group (India), Huber (US), Kemira Oyj (Finland), Chemours (US), Thiele Kaolin Company (US), and KaMin/CADAM (US), have adopted various developmental strategies, such as mergers & acquisitions, agreements, partnerships & joint ventures, and investments & expansions to enhance their footholds in the market.
The global marine lubricants market is estimated to be USD 5.98 billion in 2018 and is projected to reach USD 6.66 billion by 2023, at a CAGR of 2.17% from 2018 to 2023. The increasing demand for emerging alternative technologies is expected to drive the growth of the global marine lubricants market. Total S.A. (France), BP plc (UK), Royal Dutch Shell plc (Netherlands), Chevron Corporation (US), Sinopec Corporation (China), PJSC Lukoil (Russia), Exxon Mobil Corporation (US), and Idemitsu Kosan Co. Ltd. (Japan) are some of the leading players in the global marine lubricants market.
The hydrofluoric acid market is estimated to be 1.6 million tons in 2018 and projected to reach 2.1 million tons by 2023, registering a CAGR of 5.5% between 2018 and 2023. The growing demand for hydrofluorocarbons (HFCs) and hydrofluoroolefins (HFOs) and increasing demand for fluorine compounds in several industries are the major drivers of the global hydrofluoric acid market during the forecast period.Dongyue Group (China), Daikin (Japan), Sinochem (China), Yingpeng Chemical (China), and Fluoride Chemicals (China), are located in the Asia-Pacific region. North America accounts for the second-largest share of the global hydrofluoric acid market.
The Purified Terephthalic Acid (PTA) market is projected to grow from USD 48.14 Billion in 2018 to USD 61.78 Billion by 2023, at a CAGR of 5.1% during the forecast period. Purified terephthalic acid is used to manufacture polyester resins, such as polyester fiber & yarn, PET, and polyester films. It is also used to manufacture various chemical intermediates, such as liquid crystal polymers, cyclohexane dimethanol, and polytrimethylene terephthalate. Key players operating in the purified terephthalic acid market include Reliance Industries Limited (India), Sinopec Corporation (China), British Petroleum (UK), Indorama Ventures Public Company (Thailand), and SABIC (Saudi Arabia).
The sodium silicate market size was estimated to be USD 8.91 Billion in 2017 and projected to reach USD 11.03 Billion by 2022, registering a CAGR of 4.4% between 2017 and 2022. The growing demand for detergents globally and rising demand for precipitated silica from the rubber & tire industry are expected to be the major drivers for the global sodium silicate market during the forecast period. The key companies profiled in the sodium silicate market research report are PQ Corporation (US), Occidental Petroleum Corporation (US), Tokuyama Corporation (Japan), Nippon Chemical Industrial (Japan), BASF (Germany), Kiran Global Chem Limited (India), Sinchem Silica Gel (China), Shijiazhuang Shuanglian Chemical Industry (China), IQE Group (Spain), and CIECH (Poland).
The increasing demand for battery materials in various battery types is driving the growth of the battery materials market. In terms of value, the global battery materials market is estimated to be USD 43.50 Billion in 2018 and is projected to reach USD 65.78 Billion by 2023, at a CAGR of 8.62% between 2018 and 2023. The global battery materials market is driven by the increase in demand for EVs and various consumer electronics.Key manufacturers of battery materials include Umicore (Belgium), Asahi Kasei (Japan), Mitsubishi Chemical Holdings (Japan), POSCO (South Korea), Johnson Matthey (UK), Hitachi Chemical Company (Japan), Kureha Corporation (Japan), Sumitomo Corporation (Japan), Toray Industries (Japan), and Mitsui Mining & Smelting (Japan), among others.